Oregon Bancorp Announces Special Dividend

February 23, 2018 01:08 PM Eastern Standard Time

SALEM, Ore.--(BUSINESS WIRE)--Oregon Bancorp, Inc. (OTCBB:ORBN) (the “Company”), parent company of
Willamette Valley Bank, announced today that its Board of Directors
declared a special cash dividend of $1.20 per share payable on March 15,
2018, to shareholders of record as of March 1, 2018.

“Our continuing financial success in 2017 has enabled us to reward our
loyal shareholders with a portion of our earnings,” said Neil
Grossnicklaus, President and CEO. “Our balance sheet is well positioned
to sustain future asset growth and allow us to take advantages of
opportunities as they arise.”

ABOUT OREGON BANCORP, INC.

Oregon Bancorp, Inc. is the parent company of Willamette Valley Bank, a
community bank headquartered in Salem, Oregon. The Bank operates
full-service branches in Salem, Keizer, Silverton, and Albany, Oregon.
The Bank also operates Home Loan Centers in Bend, Eugene, Grants Pass,
Medford, Portland, Tualatin, and West Linn, Oregon; Spokane, Newport,
and Vancouver, Washington; and Coeur d’Alene and Meridian, Idaho. For
more information about Oregon Bancorp, Inc. or its subsidiary,
Willamette Valley Bank, please call (503)485-2221 or visit our website
at www.willamettevalleybank.com.

FORWARD-LOOKING STATEMENTS

Certain statements in this release may constitute forward-looking
statements within the definition of the “safe-harbor” provisions of
Section 21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements are subject to significant uncertainties,
which could cause actual results to differ materially from those set
forth in such statements. Forward-looking statements are those that
incorporate management’s current expectations and plans based on
information currently known to them. These statements can sometimes be
identified by words such as “believe,” “estimate,” “anticipate,”
“expect,” “intend,” “will,” “may,” “should,” or other similar phrases or
words. Readers are cautioned not to place undue reliance on
forward-looking statements. In particular, they should not be construed
as assurances of a given level of performance or as promises of a given
set of management’s actions. Some of the factors that could cause
management to deviate from its current plans, or could cause the
Company’s results to differ from current expectations, include the
effect of localized or regional economic shifts that may affect the
collectability of loans or the value of the collateral underlying those
loans; the effects of laws, regulations, policies and government actions
upon the Company’s assets and operations; sensitivity to the
Northwestern Oregon geographic markets and events affecting those
markets; and the impacts of new government initiatives upon us and our
borrowers. The Company does not intend to publicly release any revisions
to these forward-looking statements to reflect events or circumstances
after the date of this release or to reflect the occurrence of
unanticipated events.